Market Update | May 2, 2025 – 3:45 PM IST
Sensex & Nifty end slightly higher for the third week in a row
The stock market ended Friday with small gains. The Sensex went up by 260 points to 80,502, and the Nifty added 13 points to close at 24,347. However, midcap stocks didn’t do well—the Midcap Index fell by 420 points (down 1%).
Here are some key highlights 2nd May Market :
- Nifty Auto fell after weak April sales. Bajaj Auto and Eicher Motors dropped 2%.
- JSW Steel lost 6% after the Supreme Court rejected BPSL’s resolution plan.
- RailTel jumped nearly 7% after reporting a 46% profit rise in Q4.
- Indus Towers fell 7% after delaying bonus and buyback announcements.
- Phoenix Mills dropped over 7%, and Federal Bank fell 4%—both missed Q4 expectations.
- Godrej Properties gave a mixed forecast for FY26, but the stock rose 4%.
- IOC gained 4% after strong Q4 results.
- Sona BLW said only 3% of its revenue is affected by US tariffs—stock rose 3%.
- Zomato (now Eternal) ended 1% higher despite a weak Q4.
- SBI gained 1%, while Kotak Mahindra Bank slipped 1% ahead of its Saturday results.
Market activity was balanced, with as many stocks falling as rising. Foreign investors have been buying consistently, pouring in around ₹37,400 crore since April 15.
On the global front, India and the US are making progress on a trade deal. US President Trump hinted this week that both countries are close to finalizing a tariff agreement, which is helping boost investor confidence in Indian markets.
Nifty 50 Today Movement
Closing Level: 24,346.70
Change: +12.50 points (+0.05%)
The Nifty 50 ended the day with a small gain of 12.5 points, showing very little change overall. It stayed mostly flat throughout the session.
- Opening: 24,311.90
- Day’s High: 24,589.15
- Day’s Low: 24,238.50
Nifty Top Gainer
| Stock | Closing Price (₹) | Change (₹) | Change (%) | Day’s Low (₹) | Day’s High (₹) |
|---|---|---|---|---|---|
| Adani Ports | 1,269.70 | +53.20 | +4.37% | 1,242.70 | 1,295.00 |
| Bajaj Finance | 8,868.00 | +233.50 | +2.70% | 8,566.00 | 8,915.00 |
| IndusInd Bank | 850.50 | +12.10 | +1.44% | 833.10 | 863.50 |
| SBI | 799.80 | +11.15 | +1.41% | 789.00 | 803.40 |
| Hindalco | 632.90 | +8.90 | +1.43% | 621.80 | 650.10 |
Nifty Top Looser
| Stock | Closing Price (₹) | Change (₹) | Change (%) | Day’s Low (₹) | Day’s High (₹) |
|---|---|---|---|---|---|
| JSW Steel | 970.00 | -59.80 | -5.81% | 948.30 | 1,037.00 |
| Bajaj Auto | 7,809.00 | -221.00 | -2.75% | 7,803.00 | 8,086.00 |
| Eicher Motors | 5,428.00 | -139.00 | -2.50% | 5,376.00 | 5,560.00 |
| Hero MotoCorp | 3,741.00 | -86.40 | -2.26% | 3,725.00 | 3,914.00 |
| Apollo Hospitals | 6,926.50 | -50.50* | *Approx -0.72% | 6,913.50 | 7,098.00 |
Sector wise Update
🔼 Top Performing Sector: Nifty Oil & Gas
The Oil & Gas sector led the gains today with a 0.73% rise, backed by strong buying in companies like IOC. This sector is seeing sustained interest thanks to steady Q4 results and better global cues.
| Sector | Change (%) | Index Value |
|---|---|---|
| Oil & Gas | +0.73% | 11,261.05 |
🔼 Other Gainers
- IT Sector gained 0.27%, showing stability as investors eye steady earnings.
- PSU Banks rose 0.19%, continuing to attract interest from institutional buyers.
- Media also moved up by 0.49%, with select stocks showing volume spikes.
| Sector | Change (%) | Index Value |
|---|---|---|
| IT | +0.27% | 35,891.85 |
| PSU Bank | +0.19% | 6,554.45 |
| Media | +0.49% | 1,521.35 |
🔻 Weakest Sector: Consumer Durables
The Consumer Durables sector saw the biggest fall, down by 1.39%, as companies struggled to impress with Q4 numbers and rising input costs worried investors.
| Sector | Change (%) | Index Value |
|---|---|---|
| Consumer Durables | -1.39% | 36,583.30 |
🔻 Other Losers
- Metal Sector fell 0.74%, largely dragged by JSW Steel’s sharp fall.
- Pharma and Healthcare sectors declined around 0.6%-0.7%, as some companies failed to meet earnings expectations.
- Auto and Realty sectors also saw minor drops.
| Sector | Change (%) | Index Value |
|---|---|---|
| Metal | -0.74% | 8,518.40 |
| Pharma | -0.67% | 21,627.45 |
| Healthcare | -0.61% | 13,968.25 |
| Auto | -0.10% | 22,286.50 |
| Realty | -0.49% | 881.55 |
On May 2, 2025, the NSE market witnessed mixed activity with a total of 2,938 stocks traded. Out of these, 1,192 stocks advanced, while 1,651 stocks declined, indicating a negative market sentiment overall. There were 95 stocks that remained unchanged. In terms of price extremes, 26 stocks hit their 52-week high, while 31 stocks reached their 52-week low. Additionally, the circuit breakers showed that 63 stocks were in the upper circuit, meaning they reached their daily price limit on the upside, while 67 stocks hit the lower circuit, indicating a significant drop in their prices. Despite the higher number of declines, the market’s volatility was reflected in the number of stocks in upper and lower circuit breaks, showing both opportunities and risks for investors today.
Currency Update Today
USD (US Dollar): The value of $1 is ₹83.8568, down from ₹85.0535 yesterday.
YEN (Japanese Yen): ¥100 is valued at ₹57.7400, lower than ₹59.6200 on the previous day.
GBP (British Pound): ₤1 is worth ₹111.6134, compared to ₹113.8770 yesterday.
EURO (Euro): €1 is valued at ₹94.9483, down from ₹96.7370 the previous day.